Textron Hits The Brakes On Powersports: Strategic Shift Amid Soft Demand - Textron (NYSE:TXT)

The owner of Artic Cat could sell the maker of snowmobiles and ATVs

Textron Inc. announced it was suspending production at Arctic Cat while it seeks strategic alternatives for its powersports division. The move affects plants in Thief River Falls and St. Cloud and could lead to a sale, partnership or other option.

Arctic Cat to close operations in St. Cloud, Thief River Falls in 2025

(REGION) — A popular brand name in the region is going through changes. Citing ‘the ongoing business conditions facing the powersports industry,’ Arctic Cat is ceasing manufacturing at its facilities in Thief River Falls and St. Cloud. The changes will take place after the planned production in the first half of 2025 wraps up. “Textron Inc. also announced that it is exploring strategic alternatives regarding the future of the powersports busines…

Textron To Indefinitely Pause Snowmobile Production at Arctic Cat in Thief River Falls

THIEF RIVER FALLS, Minn. (KVRR) — A major blow for workers at Arctic Cat in Thief River Falls as the company announces layoffs and the suspension of snowmobile production. According to a Securities and Exchange filing, Textron, the Cessna jet maker that owns the company, is exploring alternatives for its powersports product line. They will complete limited production runs to fulfill customer commitments already on the books. Production is expect…

Textron Hits The Brakes On Powersports: Strategic Shift Amid Soft Demand - Textron (NYSE:TXT)

Textron Inc. (NYSE:TXT) shares are trading lower on Wednesday following the announcement that it is pursuing strategic alternatives for its Powersports product line within its Industrial segment. The decision comes as the consumer demand for powersports products continues to remain soft, per an exchange filing. In response, Textron’s Textron Specialized Vehicles business will begin pausing production of its powersports products after completing …

Textron Halts ATV, UTV, Snowmobile Production Amid Imploding Consumer Demand - Nemos News Network

Defense contractor and industrial conglomerate Textron has halted production of its entire powersports product line within its Specialized Vehicles unit, which includes golf carts, utility vehicles, side-by-sides, ATVs, and snowmobiles. Textron cited “soft” consumer end-market powersports demand, a warning that overlaps with Polaris’ concerns about “challenging retail demand” for its ATVs, UTVs, and jet skis. […]

More Bad News For Canadian Powersports Dealers: Arctic Cat Shutdown

It’s shaping up to be a tough end of the year for Canadian powersports dealers. First, we had news earlier in the fall about collapsing Harley-Davidson sales. Then, KTM went into a self-induced financial death spiral, with ever-worsening bad news coming out weekly. Now, it appears that Arctic Cat is in the middle of its own misery, with news that the powersports giant is going to indefinitely… Source